Investing in IPOs will become more attractive in 2016 if the "momentum and choppiness" of the markets continues.

That isn't to say tech companies are going to have it all their own way. The days of outsize returns from investing in tech IPOs are over, according to Deutsche Bank, and that is going to make investors a bit more circumspect. With fewer "must-have" deals out there, tech companies may have to accept lower valuations to go public.

But the bankers report that there has been an increase in the number of "bake-offs" — where companies interview bankers ahead of picking a lineup to take them public — in recent months.

All in all, there is a good chance of a better year for tech IPOs, according to Deutsche Bank.